Comments by "" (@mrpmj00) on "Jim Cramer explains why short-term Covid worries are unlikely to derail stocks long term" video.

  1. I bought FAANG stocks (Facebook, Apple, Amazon, Microsoft) Netflix, and Intel, Zoom, ... ___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron, DOW, SIEGY, AT&T for the recovery. Warren buffet quotes: It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
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  2. Yep, I bought a lot last Monday (I bought 15% of my portfollio last Monday)
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  3.  @howconnie  Good luck. My strategy is if Amazon keeps going down, I buy more to average cost down.. I buy using money on the sideline, then I sell other stocks that are up, then I sell other stocks that have lost less than Amazon's -7.5%. Most stocks that pop or drop hard usually recover 50% soon after. Amazon's not going anywhere so I know that eventually it will come back. Fidelity considers Amazon as a large growth company (probably because as big as it is, it still only has 7% of the retail market)
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  4.  Gaussianform  The problem about waiting for the stock market to tank 5%-20% is that while you are waiting, it probably went up by the same percentage so you're buying at the same price now as you would have months ago. And if the market doesn't tank, then you're buying higher. that's what they said last year and now those who stood on the sidelines are paying 60% higher because the market goes up in the long term! That's what those who stood on the sidelines in 2009 said and now it's 4-5 times more (or 450% return) because the market goes up in the long term!
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  5.  @markmedley6849  Since 7/2020, I'm up +41% for a 1 yr return so I'm happy. I can sleep at night with these well-known companies instead of chasing risky stocks like meme or crypto.
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  6.  @Masterpiece4590  After 3/2020 last year, I don't think anybody cares about P/E ratios anymore. I just buy on the dips like last Monday or when they're flat for a while because that means they're about to take off (such as the FAANG stocks were flat between 9/2020 and 5/2021, then they took off after 5/2021)
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  7.  @nbkw48  Yeah but in the last month, Amazon and Apple popped +21%. And today Facebook popped +6.5%
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